PAR Technology (PAR) 10-Q 10 May 22 2022 Q1 Quarterly report Financial data

Cover

Cover - shares	3 Months Ended
	Mar. 31, 2022	May 03, 2022
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2022
Document Transition Report	false
Entity File Number	1-09720
Entity Registrant Name	PAR TECHNOLOGY CORPORATION
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	16-1434688
Entity Address, Address Line One	PAR Technology Park
Entity Address, Address Line Two	8383 Seneca Turnpike
Entity Address, City or Town	New Hartford
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	13413-4991
City Area Code	315
Local Phone Number	738-0600
Title of 12(b) Security	Common Stock, $0.02 par value
Trading Symbol	PAR
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		27,062,382
Entity Central Index Key	0000708821
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q1
Amendment Flag	false
Entity Filer Category	Large Accelerated Filer

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 163,207	$ 188,419
Accounts receivable – net	54,571	49,978
Inventories	40,930	35,078
Other current assets	11,379	9,532
Total current assets	270,087	283,007
Property, plant and equipment – net	13,429	13,709
Goodwill	457,433	457,306
Intangible assets – net	114,579	118,763
Lease right-of-use assets	3,935	4,348
Other assets	12,233	11,016
Total assets	871,696	888,149
Current liabilities:
Current portion of long-term debt	533	705
Accounts payable	22,623	20,845
Accrued salaries and benefits	12,718	17,265
Accrued expenses	3,943	5,042
Lease liabilities – current portion	2,153	2,266
Customer deposits and deferred service revenue	16,367	14,394
Total current liabilities	58,337	60,517
Lease liabilities – net of current portion	2,116	2,440
Deferred service revenue – noncurrent	6,463	7,597
Long-term debt	387,681	305,845
Other long-term liabilities	5,629	7,405
Total liabilities	460,226	383,804
Shareholders’ equity:
Preferred stock, $.02 par value, 1,000,000 shares authorized	0	0
Common stock, $.02 par value, 58,000,000 shares authorized, 28,278,562 and 28,094,333 shares issued, 27,052,454 and 26,924,397 outstanding at March 31, 2022 and December 31, 2021, respectively	565	562
Additional paid in capital	578,628	640,937
Accumulated deficit	(151,535)	(122,505)
Accumulated other comprehensive loss	(3,192)	(3,704)
Treasury stock, at cost, 1,226,108 shares and 1,181,449 shares at March 31, 2022 and December 31, 2021, respectively	(12,996)	(10,945)
Total shareholders’ equity	411,470	504,345
Total Liabilities and Shareholders’ Equity	$ 871,696	$ 888,149

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Mar. 31, 2022	Dec. 31, 2021
Shareholders’ equity:
Preferred stock, par value (in dollars per share)	$ 0.02	$ 0.02
Preferred stock authorized (in shares)	1,000,000	1,000,000
Common stock per value (in dollars per share)	$ 0.02	$ 0.02
Common stock authorized (in shares)	58,000,000	58,000,000
Common stock issued (in shares)	28,278,562	28,094,333
Common stock outstanding (in shares)	27,052,454	26,924,397
Treasury stock at cost (in shares)	1,226,108	1,181,449

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Revenues, net:
Revenue	$ 80,285,000	$ 54,467,000
Costs of sales:
Cost of sales	59,672,000	44,267,000
Gross margin	20,613,000	10,200,000
Operating expenses:
Selling, general and administrative	22,368,000	14,537,000
Research and development	10,841,000	5,809,000
Amortization of identifiable intangible assets	213,000	275,000
Gain on insurance proceeds	0	(4,400,000)
Operating expenses	33,422,000	16,221,000
Operating loss	(12,809,000)	(6,021,000)
Other expense, net	(368,000)	(51,000)
Interest expense, net	(2,463,000)	(2,160,000)
Loss before provision for income taxes	(15,640,000)	(8,232,000)
Provision for income taxes	(10,000)	(39,000)
Net loss	$ (15,650,000)	$ (8,271,000)
Net loss per share, basic (in dollars per share)	$ (0.58)	$ (0.38)
Net loss per share, diluted (in dollars per share)	$ (0.58)	$ (0.38)
Weighted average shares outstanding, basic (in shares)	26,970	21,929
Weighted average shares outstanding, diluted (in shares)	26,970	21,929
Product
Revenues, net:
Revenue	$ 25,073,000	$ 18,556,000
Costs of sales:
Cost of sales	19,997,000	14,885,000
Service
Revenues, net:
Revenue	33,773,000	18,028,000
Costs of sales:
Cost of sales	19,796,000	12,695,000
Contract
Revenues, net:
Revenue	21,439,000	17,883,000
Costs of sales:
Cost of sales	$ 19,879,000	$ 16,687,000

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Statement of Comprehensive Income [Abstract]
Net loss	$ (15,650)	$ (8,271)
Other comprehensive income (loss), net of applicable tax:
Foreign currency translation adjustments	512	(302)
Comprehensive loss	$ (15,138)	$ (8,573)

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY - USD ($) $ in Thousands	Total	Cumulative Effect, Period of Adoption, Adjustment	Cumulative Effect, Period of Adoption, Adjusted Balance	Common Stock	Additional Paid in Capital	Additional Paid in CapitalCumulative Effect, Period of Adoption, Adjustment	Additional Paid in CapitalCumulative Effect, Period of Adoption, Adjusted Balance	Accumulated Deficit	Accumulated DeficitCumulative Effect, Period of Adoption, Adjustment	Accumulated DeficitCumulative Effect, Period of Adoption, Adjusted Balance	Accumulated Other Comprehensive Income (Loss)	Treasury Stock
Beginning Balance (in shares) at Dec. 31, 2020				22,983,000								1,066,000
Beginning Balance at Dec. 31, 2020	$ 188,405			$ 459	$ 243,575			$ (46,706)			$ (3,936)	$ (4,987)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock upon the exercise of stock options (in shares)				34,000
Issuance of common stock upon the exercise of stock options	409			$ 1	408
Net issuance of restricted stock awards (in shares)				87,000
Net issuance of restricted stock awards and restricted stock units	265			$ 2	263
Treasury stock acquired from employees upon vesting or forfeiture of restricted stock (in shares)												76,000
Treasury stock acquired from employees upon vesting or forfeiture of restricted stock	(3,974)											$ (3,974)
Stock-based compensation	1,320				1,320
Foreign currency translation adjustments	(302)										(302)
Net loss	(8,271)							(8,271)
Ending Balance (in shares) at Mar. 31, 2021				23,104,000								1,142,000
Ending Balance at Mar. 31, 2021	$ 177,852			$ 462	245,566			(54,977)			(4,238)	$ (8,961)
Beginning Balance (in shares) at Dec. 31, 2021	26,924,397			28,095,000								1,181,000
Beginning Balance at Dec. 31, 2021	$ 504,345	$ (80,036)	$ 424,309	$ 562	640,937	$ (66,656)	$ 574,281	(122,505)	$ (13,380)	$ (135,885)	(3,704)	$ (10,945)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock upon the exercise of stock options (in shares)	96,000			96,000
Issuance of common stock upon the exercise of stock options	$ 813			$ 2	811
Net issuance of restricted stock awards (in shares)				88,000
Net issuance of restricted stock awards and restricted stock units	1			$ 1	0
Treasury stock acquired from employees upon vesting or forfeiture of restricted stock (in shares)												45,000
Treasury stock acquired from employees upon vesting or forfeiture of restricted stock	(2,051)											$ (2,051)
Stock-based compensation	3,536				3,536
Foreign currency translation adjustments	512										512
Net loss	$ (15,650)							(15,650)
Ending Balance (in shares) at Mar. 31, 2022	27,052,454			28,279,000								1,226,000
Ending Balance at Mar. 31, 2022	$ 411,470			$ 565	$ 578,628			$ (151,535)			$ (3,192)	$ (12,996)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Accounting Standards Update [Extensible Enumeration]	Accounting Standards Update 2020-06 [Member]

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Cash flows from operating activities:
Net loss	$ (15,650)	$ (8,271)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:
Depreciation and amortization	6,400	2,810
Accretion of debt in interest expense	486	1,180
Current expected credit losses	326	18
Provision for obsolete inventory	529	210
Stock-based compensation	3,536	1,320
Changes in operating assets and liabilities, net of acquisition:
Accounts receivable	(4,868)	4,267
Inventories	(6,338)	(3,850)
Other current assets	(1,849)	(4,343)
Other assets	(1,353)	421
Accounts payable	1,906	5,658
Accrued salaries and benefits	(4,511)	(3,916)
Accrued expenses	(1,117)	1,332
Customer deposits and deferred service revenue	1,651	143
Other long-term liabilities	(346)	(413)
Net cash used in operating activities	(21,198)	(3,434)
Cash flows from investing activities:
Cash paid for acquisition	(1,212)	0
Capital expenditures	(280)	(152)
Capitalization of software costs	(1,568)	(1,517)
Net cash used in investing activities	(3,060)	(1,669)
Cash flows from financing activities:
Principal payments of long-term debt	(173)	(163)
Treasury stock acquired from employees upon vesting or forfeiture of restricted stock	(2,051)	(2,362)
Proceeds from exercise of stock options	813	409
Net cash used in financing activities	(1,411)	(2,116)
Effect of exchange rate changes on cash and cash equivalents	457	(345)
Net decrease in cash and cash equivalents	(25,212)	(7,564)
Cash and cash equivalents at beginning of period	188,419	180,686
Cash and equivalents at end of period	163,207	173,122
Supplemental disclosures of cash flow information:
Interest	9	19
Capitalized software recorded in accounts payable	13	317
Capital expenditures in accounts payable	$ 73	$ 122

Basis of Presentation

Basis of Presentation	3 Months Ended
	Mar. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	NOTE 1: BASIS OF PRESENTATION The accompanying unaudited interim condensed consolidated financial statements (“financial statements”) of PAR Technology Corporation and its consolidated subsidiaries (collectively, the “Company”, “PAR”, “we”, “us” or “our Company”) have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial statements and the instructions to Form 10-Q and Regulation S-X pertaining to interim financial statements as promulgated by the SEC. In the opinion of management, the Company's financial statements include all normal and recurring adjustments necessary in order to make the financial statements not misleading and to provide a fair presentation of the Company's financial results for the interim period included in this Quarterly Report. Interim results are not necessarily indicative of results for the full year or any future periods. The information included in this Quarterly Report should be read in conjunction with the Company's audited consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2021 (the “2021 Annual Report”). The preparation of the financial statements requires management of the Company to make a number of estimates and assumptions relating to the reported amount of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the period. Significant items subject to such estimates and assumptions include revenue recognition, stock-based compensation, the recognition and measurement of assets acquired and liabilities assumed in business combinations at fair value, the carrying amount of property, plant and equipment including right-to-use assets and liabilities, identifiable intangible assets and goodwill, the measurement of liabilities and equity recognized for outstanding convertible notes, current expected credit losses for receivables, net realizable value for inventories, and measurement of contingent consideration at fair value. Actual results could differ from these estimates. The Company's estimates and assumption are subject to uncertainties, including those associated with market conditions, risks and trends and the ongoing COVID-19 pandemic. The Company operates in two distinct reporting segments, Restaurant/Retail and Government. The Company’s chief operating decision maker is the Company’s Chief Executive Officer. The Restaurant/Retail segment provides enterprise restaurants, franchisees, and other restaurant outlets in the three major restaurant categories, quick service, fast casual, and table service, with operational efficiencies, offering them an integrated cloud solution by combining Brink POS cloud software for front-of-house, Data Central back-office cloud solution, PAR Pay and PAR Payment Services for payments, and Punchh loyalty and engagement solution on a unified commerce cloud platform. The Government segment provides technical expertise and development of advanced systems and software solutions for the U.S. Department of Defense (“DoD”) and other federal agencies, as well as satellite command and control, communication, and IT mission systems at several DoD facilities worldwide. The financial statements also include corporate operations, which are comprised of enterprise-wide functional departments. Cash and Cash Equivalents The Company considers all highly liquid investments purchased with a remaining maturity of three months or less, to be cash equivalents, including money market funds. The Company maintained bank balances that, at times, exceeded the federally insured limit during the three months ended March 31, 2022. The Company has not experienced losses relating to these deposits and management does not believe that the Company is exposed to any significant credit risk with respect to these amounts. Cash and cash equivalents consist of the following: (in thousands) March 31, 2022 December 31, 2021 Cash and cash equivalents Cash $ 72,076 $ 69,249 Money market funds 91,131 119,170 Total cash and cash equivalents $ 163,207 $ 188,419 Gain on Insurance Proceeds During the first quarter of 2021, the Company received $4.4 million of insurance proceeds in connection with the settlement of a legacy claim. No insurance proceeds were received during the three months ended March 31, 2022. Other Long-Term Liabilities Other liabilities represent amounts owed to employees that participate in the Company’s deferred compensation plan and the long-term portion of the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”) deferred payroll taxes. Amounts owed to employees participating in the deferred compensation plan was $2.1 million and $2.4 million at March 31, 2022 and December 31, 2021, respectively. Under the CARES Act employers can defer payment of the employer portion of social security taxes through the end of 2020: 50% of the deferred amount was due December 31, 2021 and the remaining 50% is due December 31, 2022. As allowed under the CARES Act, the Company deferred payment of the employer portion of social security taxes through the end of 2020. As of December 31, 2020, the Company deferred a total of $2.8 million and in connection with the Punchh Acquisition during 2021, an additional $1.0 million of deferred payroll taxes were recognized. The Company paid $1.9 million in December 2021 and the remaining balance is to be paid in December 2022. Deferred payroll taxes were $1.9 million at March 31, 2022 and December 31, 2021 and were included within accrued salaries and benefits on the condensed consolidated balance sheets. Related Party Transactions Act III Management LLC (“Act III Management”), a service company to the restaurant, hospitality, and entertainment industries, provides software development and restaurant technology consulting services to the Company pursuant to a master development agreement. Keith Pascal, a director of the Company, is an employee of Act III Management and serves as its vice president and secretary. Mr. Pascal does not have an ownership interest in Act III Management. As of March 31, 2022, the Company had $0.1 million of accounts payable owed to Act III Management and in the three months ended March 31, 2022, the Company paid Act III Management $0.2 million for services performed under the master development agreement. Recently Adopted Accounting Pronouncements In August 2020, the FASB issued ASU No. 2020-06, Debt – Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging – Contracts in Entity’s Own Equity (Subtopic 815-40). The new guidance is intended to simplify the accounting for certain convertible instruments with characteristics of both liability and equity. The guidance removes certain accounting models which separate the embedded conversion features from the host contract for convertible instruments. As a result, after the adoption of this guidance, an entity’s convertible debt instrument will be wholly accounted for as debt. The guidance also expands disclosure requirements for convertible instruments and simplifies areas of the guidance for diluted earnings-per-share calculations by requiring the use of the if-converted method. The guidance is effective for fiscal years beginning after December 15, 2021 and can be adopted on either a fully retrospective or modified retrospective basis. The Company adopted the new standard as of January 1, 2022 under the modified retrospective method and recorded a cumulative effect upon adoption of a $81.3 million increase to convertible notes, $66.6 million reduction to other paid in capital, $13.4 million reduction to accumulated deficit, and a $1.3 million reduction to deferred tax liability to reflect the reversal of the separation of the convertible debt between debt and equity. Prior year presentation of debt was not impacted. The adoption of this standard also decreased the amount of non-cash interest expense to be recognized in future periods as a result of eliminating the discount associated with the equity component. There was no impact to the Company’s condensed consolidated statements of cash flows as the result of the adoption of ASU No. 2020-06. In October 2021, the FASB issued ASU No. 2021-08, Business Combinations (Topic 805), Accounting for Contract Assets and Contract Liabilities from Contracts with Customers , which is intended to require acquiring entities to apply Topic 606 to recognize and measure contract assets and contract liabilities in a business combination. ASU 2021-08 is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2022, with early adoption permitted. The Company early adopted the new standard as of January 1, 2022, with no impact to the Company's condensed consolidated financial statements at adoption. Future impact of adoption is dependent on Company's activity as an acquiring entity in transactions subject to Topic 805. With the exception of the standards discussed above, there were no other recent accounting pronouncements or changes in accounting pronouncements during the three months ended March 31, 2022 that are of significance or potential significance to the Company.

Revenue Recognition

Revenue Recognition	3 Months Ended
	Mar. 31, 2022
Revenue from Contract with Customer [Abstract]
Revenue Recognition	NOTE 2: REVENUE RECOGNITION The Company's revenue is derived from software as a service (“SaaS”), hardware and software sales, software activation, hardware support, installations, maintenance and professional services. Accounting Standards Codification (“ASC”) Topic 606 : Revenue from Contracts with Customers requires the Company to distinguish and measure performance obligations under customer contracts. Contract consideration is allocated to all performance obligations within the arrangement or contract. Performance obligations that are determined not to be distinct are combined with other performance obligations until the combined unit is determined to be distinct and that combined unit is then recognized as revenue over time or at a point in time depending on when control is transferred. The Company evaluated the potential performance obligations within its Restaurant/Retail segment and evaluated whether each performance obligation met the ASC Topic 606 criteria to be considered a distinct performance obligation. Revenue in the Restaurant/Retail segment is recognized at a point in time for licensed software, hardware and installations. Revenue on these items are recognized when the customer obtains control of the asset. This generally occurs upon delivery and acceptance by the customer or upon installation or delivery to a third party carrier for onward delivery to customer. Additionally, revenue in the Restaurant/Retail segment relating to SaaS, the Company's Advanced Exchange hardware service program, its on-site support and other services is recognized over time as the customer simultaneously receives and consumes the benefits of the Company’s performance obligations. The Company’s support services are stand-ready obligations that are provided over the life of the contract, generally 12 months. The Company offers installation services to its customers for hardware and software for which the Company primarily hires third-party contractors to install the equipment on the Company's behalf. The Company pays third party contractors an installation service fee based on an hourly rate agreed to by the Company and contractor. When third party installers are used, the Company determines whether the nature of its performance obligations is to provide the specified goods or services itself (principal) or to arrange for a third-party to provide the goods or services (agent). In the Company's customer arrangements, the Company is primarily responsible for providing a good or service, has inventory risk before the good or service is transferred to the customer, and discretion in establishing prices; as a result, the Company has concluded that it is the principal in the arrangement and records installation revenue on a gross basis. The support services associated with hardware and software sales are “stand-ready obligations” satisfied over time on the basis that the customer consumes and receives a benefit from having access to the Company's support resources, when and as needed, throughout the contract term. For this reason, the support services are recognized ratably over the contract term since the Company satisfies its obligation to stand ready by performing these services each day. Contracts typically require payment within 30 to 90 days from the shipping date or installation date, depending on the Company's terms with the customer. The primary method used to estimate a stand-alone selling price, is the price that the Company charges for the particular good or service sold by the Company separately under similar circumstances to similar customers. The Company determines stand-alone selling prices as follows: hardware, software and software activation (one-time fee at the initial offering of software or SaaS) performance obligations are recognized at a stand-alone selling price based on the price at which the Company sells the particular good or service separately in similar circumstances and to similar customers. The stand-alone selling price for all other performance obligations, including: pass-through hardware, such as terminals, printers, or card readers; hardware support (referred to as Advanced Exchange), installation, maintenance, licensed software upgrades, and professional services (project management) is recognized by using an expected cost plus margin. The Company's revenue in the Government segment is recognized over time as control is generally transferred continuously to its customers. Revenue generated by the Government segment is predominantly related to services; provided, however, revenue is also generated through the sale of materials, software, hardware, and maintenance. For the Government segment cost plus fixed fee contract portfolio, revenue is recognized over time using costs incurred to date to measure progress toward satisfying the Company's performance obligations. Incurred cost represents work performed, which corresponds with, and thereby best depicts, the transfer of control to the customer. Contract costs include labor, material, overhead and general and administrative expenses. Profit is recognized on the fixed fee portion of the contract as costs are incurred and invoiced. Long-term fixed price contracts involve the use of judgment to estimate the total contract revenue and costs. For long-term fixed price contracts, the Company estimates the profit on a contract as the difference between the total estimated revenue and expected costs to complete the contract, and recognize that profit over the life of the contract. Contract estimates are based on various assumptions to project the outcome of future events. These assumptions include: labor productivity and availability; the complexity of the work to be performed; and the performance of subcontractors. Revenue and profit in future periods of contract performance are recognized using the aforesaid assumptions, and adjusting the estimate of costs to complete a contract. Once the services provided are determined to be distinct or not distinct, the Company evaluates how to allocate the transaction price. Generally, the Government segment does not sell the same good or service to similar customers and the contract performance obligations are unique to each government solicitation. The performance obligations are typically not distinct. In cases where there are distinct performance obligations, the transaction price would be allocated to each performance obligation on a ratable basis based upon the stand-alone selling price of each performance obligation. Cost plus margin is used for the cost plus fixed fee contract portfolios as well as the fixed price and time and materials contracts portfolios to determine the stand-alone selling price. In the Government segment, when determining revenue recognition, the Company analyzes whether its performance obligations under Government contracts are satisfied over a period of time or at a point in time. In general, the Company's performance obligations are satisfied over a period of time; however, there may be circumstances where the latter or both scenarios could apply to a contract. The Company usually expects payment within 30 to 90 days from satisfaction of its performance obligations. None of its contracts as of March 31, 2022 or March 31, 2021 contained a significant financing component. Performance Obligations Outstanding The Company's performance obligations outstanding represent the transaction price of firm, non-cancellable orders, with expected delivery dates to customers after March 31, 2022 and 2021, respectively, for work that has not yet been performed. The activity of outstanding performance obligations as it relates to customer deposits and deferred service revenue is as follows: (in thousands) 2022 2021 Beginning balance - January 1 $ 20,046 $ 11,082 Recognition of deferred revenue (9,941) (2,603) Deferral of revenue 10,857 2,597 Ending balance - March 31 $ 20,962 $ 11,076 The above table excludes customer deposits of $1.9 million and $1.6 million for the three months ended March 31, 2022 and 2021, respectively. The majority of the deferred revenue balances above relate to professional services, maintenance agreements, and software licenses. These balances are recognized on a straight-line basis over the life of the contract, with the majority of the balance being recognized within the next twelve months. In the Restaurant/Retail segment most performance obligations relate to service and support contracts, approximately 69% of which the Company expects to fulfill within 12 months. The Company expects to fulfill 100% of support and service contracts within 60 months. At March 31, 2022 and December 31, 2021, transaction prices allocated to future performance obligations were $21.0 million and $20.0 million, respectively. During the three months ended March 31, 2022 and 2021, the Company recognized revenue included in contract liabilities at the beginning of each respective period of $4.5 million and $2.6 million. In the Government segment, the value of existing contracts at March 31, 2022, net of amounts relating to work performed to that date, was approximately $195.7 million, of which $42.4 million was funded, and at December 31, 2021, the value of existing contracts, net of amounts relating to work performed to that date, was approximately $195.3 million, of which $38.6 million was funded. The value of existing contracts in the Government segment, net of amounts relating to work performed at March 31, 2022, is expected to be recognized as revenue over time as follows (in thousands): Next 12 months $ 93,962 Months 13-24 57,185 Months 25-36 33,086 Thereafter 11,422 Total $ 195,655 Disaggregated Revenue The Company disaggregates revenue from contracts with customers by major product line for each of its reporting segments because the Company believes it best depicts how the nature, amount, timing and uncertainty of revenue and cash flows are affected by economic factors. Disaggregated revenue is as follows: Three Months Ended March 31, 2022 (in thousands) Restaurant/Retail Restaurant/Retail Government Hardware $ 24,653 $ — $ — Software 34 19,313 — Service 5,520 9,326 — Mission systems — — 8,915 Intelligence, surveillance, and reconnaissance solutions — — 12,290 Product — — 234 Total $ 30,207 $ 28,639 $ 21,439 Three Months Ended March 31, 2021 (in thousands) Restaurant/Retail Restaurant/Retail Government Hardware $ 17,835 $ — $ — Software 243 7,633 — Service 3,412 7,461 — Mission systems — — 9,547 Intelligence, surveillance, and reconnaissance solutions — — 8,131 Product — — 205 Total $ 21,490 $ 15,094 $ 17,883 Practical Expedients and Exemptions The Company generally expenses sales commissions when incurred because the amortization period would be less than one year or the total amount of commissions is immaterial. Commissions are recorded in selling, general and administrative expenses. The Company elected to exclude from measurement of the transaction price, all taxes assessed by governmental authorities that are both imposed on and concurrent with a specific revenue-producing transaction and collected by the Company from a customer (for example, sales, use, value added, and some excise taxes).

Acquisitions

Acquisitions	3 Months Ended
	Mar. 31, 2022
Business Combination and Asset Acquisition [Abstract]
Acquisitions	NOTE 3: ACQUISITIONS During the three months ended March 31, 2022, ParTech, Inc. ("ParTech"), acquired substantially all the assets and liabilities of a privately held restaurant technology company (the "Q1 2022 Acquisition"). The transaction was accounted for as a business combination in accordance with ASC Topic 805, Business Combinations, resulting in an increase to goodwill of $1.2 million. The Company determined that the preliminary fair values of all other assets acquired and liabilities assumed relating to the transaction did not materially affect the Company's financial condition; this determination included the preliminary valuations of identified intangible assets. On April 8, 2021 (the “Closing Date”), the Company, ParTech, and Sliver Merger Sub, Inc., a wholly owned subsidiary of ParTech (“Merger Sub”), entered into an Agreement and Plan of Merger (the “Merger Agreement”) with Punchh Inc. (“Punchh”), and Fortis Advisors LLC, solely in its capacity as the initial Stockholder Representative. Pursuant to the Merger Agreement, on April 8, 2021, Merger Sub merged with and into Punchh (the “Merger”), with Punchh surviving the Merger and becoming a wholly owned subsidiary of the Company (“Punchh Acquisition”). Allocation of Acquisition Consideration — Punchh Acquisition The Punchh Acquisition was accounted for as a business combination in accordance with ASC Topic 805, Business Combinations . Accordingly, assets acquired and liabilities assumed in the Punchh Acquisition were accounted for at their final determined respective fair values as of April 8, 2021. The final fair value determinations were based on management's best estimates and assumptions, and through the use of independent valuation and tax consultants. During the first quarter of 2022, the preliminary fair values of assets and liabilities as of April 8, 2021 were finalized to reflect final acquisition valuation analysis procedures. These adjustments included a $0.8 million reduction of deferred revenue and $0.3 million of other adjustments, resulting in a reduction to goodwill of $1.1 million during the three months ended March 31, 2022. Indemnification assets and liabilities were reduced by $0.1 million during the three months ended March 31, 2022, with $2.1 million remaining in escrow as of March 31, 2022. The following table presents management's final purchase price allocation for the Punchh Acquisition: (in thousands) Purchase price allocation Cash $ 22,714 Accounts receivable 10,214 Property and equipment 592 Lease right-of-use assets 2,473 Developed technology 84,600 Customer relationships 7,500 Indemnification assets 2,109 Trade name 5,800 Prepaid and other acquired assets 2,764 Goodwill 415,055 Total assets 553,821 Accounts payable and accrued expenses 15,617 Deferred revenue 10,298 Loan payables 3,508 Lease liabilities 2,787 Indemnification liabilities 2,109 Deferred taxes 11,794 Consideration paid $ 507,708 Unaudited Pro Forma Financial Information For the three months ended March 31, 2022, the Punchh Acquisition resulted in additional revenues of $11.2 million. Punchh results are monitored by the Company as part of the broader Restaurant/Retail segment and as a result the Company determined it impractical to report net loss for the Punchh Acquisition for the three months ended March 31, 2022. The unaudited pro forma results of operations are not necessarily indicative of the results that would have occurred had the Punchh Acquisition been consummated at January 1, 2021, nor are they necessarily indicative of any future consolidated operating results. The following table summarizes the Company's unaudited pro forma operating results for the three months ended March 31: (in thousands) 2021 Total revenue $ 62,535 Net loss $ (11,092)

Accounts Receivable, Net

Accounts Receivable, Net	3 Months Ended
	Mar. 31, 2022
Receivables [Abstract]
Accounts Receivable, Net	NOTE 4: ACCOUNTS RECEIVABLE, NET The Company’s net accounts receivables consist of: (in thousands) March 31, 2022 December 31, 2021 Government segment: Billed $ 17,335 $ 11,667 17,335 11,667 Restaurant/Retail segment: 37,236 38,311 Accounts receivable - net $ 54,571 $ 49,978 At March 31, 2022 and December 31, 2021, the Company had current expected credit loss of $1.5 million and $1.3 million, respectively, against accounts receivable for the Restaurant/Retail segment. Changes in the current expected credit loss were as follows for the three months ended March 31: (in thousands) 2022 2021 Beginning Balance - January 1 $ 1,306 $ 1,416 Provisions (reductions) 326 (18) Write-offs (88) (129) Recoveries — (15) Ending Balance - March 31 $ 1,544 $ 1,254 Accounts receivables recorded as of March 31, 2022 and December 31, 2021 represent unconditional rights to payments from customers.

Inventories

Inventories	3 Months Ended
	Mar. 31, 2022
Inventory Disclosure [Abstract]
Inventories	NOTE 5: INVENTORIES Inventories are used in the manufacture and service of Restaurant/Retail products. The components of inventory, adjusted for reserves, consisted of the following: (in thousands) March 31, 2022 December 31, 2021 Finished goods $ 23,412 $ 17,528 Work in process 577 688 Component parts 14,915 14,880 Service parts 2,026 1,982 Inventories $ 40,930 $ 35,078 At March 31, 2022 and December 31, 2021, the Company had excess and obsolescence reserves of $10.2 million and $10.8 million, respectively, against inventories.

Identifiable Intangible Assets

Identifiable Intangible Assets and Goodwill	3 Months Ended
	Mar. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Identifiable Intangible Assets and Goodwill	NOTE 6: IDENTIFIABLE INTANGIBLE ASSETS AND GOODWILL The Company's identifiable intangible assets represent intangible assets acquired in acquisitions and software development costs. The Company capitalizes certain costs related to the development of its software platform and other software applications for internal use in accordance with ASC Topic 350-40 , Intangibles - Goodwill and Other - Internal - Use Software . The Company begins to capitalize its costs to develop software when preliminary development efforts are successfully completed, management has authorized and committed project funding, and it is probable that the project will be completed and the software will be used as intended. The Company stops capitalizing these costs when the software is substantially complete and ready for its intended use, including the completion of all significant testing. These costs are amortized on a straight-line basis over the estimated useful life of the related asset, generally estimated to be three incurred prior to meeting these criteria together with costs incurred for training and maintenance are expensed as incurred and recorded within research and development expenses in the Company's condensed consolidated statements of operations. The Company exercises judgment in determining the point at which various projects may be capitalized, in assessing the ongoing value of the capitalized costs, and in determining the estimated useful lives over which the costs are amortized. To the extent the Company can change the manner in which new features and functionalities are developed and tested related to its software platform, assessing the ongoing value of capitalized assets or determining the estimated useful lives over which the costs are amortized, the amount of internal-use software development costs the Company capitalizes and amortizes could change in future periods. Included in identifiable intangible assets are approximately $3.5 million and $3.4 million of costs related to software products that did not satisfy the general release threshold as of March 31, 2022 and December 31, 2021, respectively. These software products will be ready for their intended use within the next 12 months. Software costs placed into service during the three months ended March 31, 2022 and 2021 were $1.5 million and $4.8 million, respectively. Annual amortization charged to cost of sales is computed using the straight-line method over the remaining estimated economic life of the product, generally three years. Amortization of acquired developed technology for the three months ended March 31, 2022 and 2021 were $3.7 million and $0.9 million, respectively. Amortization of internally developed software costs for the three months ended March 31, 2022 and 2021 were $1.6 million and $1.2 million, respectively. The components of identifiable intangible assets are: (in thousands) March 31, 2022 December 31, 2021 Estimated Weighted-Average Amortization Period Acquired developed technology $ 109,100 $ 109,100 3 - 7 years 5 years Internally developed software costs 27,255 25,735 3 years 2.92 years Customer relationships 12,360 12,360 7 years 5 years Trade names 1,410 1,410 2 - 5 years 3 years Non-competition agreements 30 30 1 year 1 year 150,155 148,635 Less accumulated amortization (45,244) (39,479) 104,911 109,156 Internally developed software costs not meeting general release threshold 3,468 3,407 Trademarks, trade names (non-amortizable) 6,200 6,200 Indefinite $ 114,579 $ 118,763 The expected future amortization of intangible assets, assuming straight-line amortization of capitalized software development costs and acquisition related intangibles, excluding software costs not meeting the general release threshold, is as follows: (in thousands) 2022, remaining $ 16,922 2023 20,667 2024 17,947 2025 16,534 2026 16,091 Thereafter 16,750 Total $ 104,911 The Company operates in two reporting segments, Restaurant/Retail and Government, which are the identified reporting units for purposes of evaluating goodwill impairment. The Company tests goodwill for impairment on an annual basis, or more often if events or circumstances indicate that there may be impairment of goodwill. Goodwill is assigned to a specific reporting unit at the date the goodwill is initially recorded; once assigned, goodwill no longer retains its association with a particular acquisition and all of the activities within the reporting unit, whether acquired organically or from a third-party, are available to support the value of the goodwill. Goodwill carried by the Restaurant/Retail and Government segments is as follows: (in thousands) Beginning balance - December 31, 2021 $ 457,306 Q1 2022 Acquisition 1,212 ASC 805 measurement period adjustment (1,085) Ending balance - March 31, 2022 $ 457,433 Refer to “Note 3 — Acquisitions”, for additional information on goodwill from the Q1 2022 Acquisition.

Debt

Debt	3 Months Ended
	Mar. 31, 2022
Debt Disclosure [Abstract]
Debt	NOTE 7: DEBT The following table summarizes information about the net carrying amounts of long-term debt as of March 31, 2022: (in thousands) 2024 Notes 2026 Notes 2027 Notes Total Principal amount of notes outstanding $ 13,750 $ 120,000 $ 265,000 $ 398,750 Unamortized debt issuance cost (391) (3,003) (7,675) (11,069) Total long-term portion of notes payable $ 13,359 $ 116,997 $ 257,325 $ 387,681 The following table summarizes information about the net carrying amounts of long-term debt as of December 31, 2021: (in thousands) 2024 Notes 2026 Notes 2027 Notes Total Principal amount of notes outstanding $ 13,750 $ 120,000 $ 265,000 $ 398,750 Unamortized debt issuance cost (334) (2,440) (5,984) (8,758) Unamortized discount (1,570) (19,413) (63,164) (84,147) Total long-term portion of notes payable $ 11,846 $ 98,147 $ 195,852 $ 305,845 Refer to "Recently Adopted Accounting Pronouncements" within "Note 1 - Basis of Presentation" for additional information relating to impact to discount due to implementation of ASU 2020-06. Convertible Senior Notes On September 17, 2021, the Company sold $265.0 million in aggregate principal amount of 1.500% Convertible Senior Notes due 2027 (the “2027 Notes”). The 2027 Notes were issued pursuant to an indenture, dated September 17, 2021, between the Company and The Bank of New York Mellon Trust Company, N.A., as Trustee (the “2027 Indenture”). The 2027 Notes bear interest at a rate of 1.500% per year, which is payable semiannually in arrears on April 15 and October 15 of each year, beginning April 15, 2022. Interest accrues on the 2027 Notes from the last date to which interest has been paid or duly provided for or, if no interest has been paid or duly provided for, from September 17, 2021. Unless earlier converted, redeemed or repurchased, the 2027 Notes mature on October 15, 2027. The Company used net proceeds from the sale, in conjunction with net proceeds from the September 2021 sale of common stock (Refer to “Note 8 — Common Stock” for additional information), to repay in full the principal amount of $180.0 million outstanding as of September 17, 2021 (the “Owl Rock Term Loan”) under the credit agreement entered into on April 8, 2021 by the Company and certain of its U.S. subsidiaries, as guarantors, with the lenders party thereto and Owl Rock First Lien Master Fund, L.P. as administrative agent and collateral agent (the “Owl Rock Credit Agreement”). The Company intends to use the remaining net proceeds from the sale for general corporate purposes, including continued investment in the growth of the Company’s businesses and for other working capital needs. The Company may also use a portion of the net proceeds to acquire or invest in other assets complementary to the Company’s businesses or for repurchases of the Company’s other indebtedness. On February 10, 2020, the Company sold $120.0 million in aggregate principal amount of 2.875% Convertible Senior Notes due 2026 (the “2026 Notes”). The 2026 Notes were issued pursuant to an indenture, dated February 10, 2020 (the “2026 Indenture”), between the Company and The Bank of New York Mellon Trust Company, N.A., as Trustee. The 2026 Notes pay interest at a rate equal to 2.875% per year, payable semiannually in arrears on April 15 and October 15 of each year, beginning October 15, 2020. Interest accrues on the 2026 Notes from the last date to which interest has been paid or duly provided for or, if no interest has been paid or duly provided for, from February 10, 2020. Unless earlier converted, redeemed or repurchased, the 2026 Notes mature on April 15, 2026. On April 15, 2019, the Company sold $80.0 million in aggregate principal amount of 4.500% Convertible Senior Notes due 2024 (the “2024 Notes” and, together with the 2026 Notes and the 2027 Notes, the “Notes”). The 2024 Notes were issued pursuant to an indenture, dated April 15, 2019, between the Company and The Bank of New York Mellon Trust Company, N.A., as Trustee (the “2024 Indenture” and, together with the 2026 Indenture and the 2027 Indenture, the “Indentures”). The 2024 Notes pay interest at a rate equal to 4.500% per year, payable semiannually in arrears on April 15 and October 15 of each year, beginning October 15, 2019. Interest accrues on the 2024 Notes from the last date to which interest has been paid or duly provided for or, if no interest has been paid or duly provided for, from April 15, 2019. Unless earlier converted, redeemed or repurchased, the 2024 Notes mature on April 15, 2024. The Company used approximately $66.3 million (excluding cash payments relating to accrued interest and fractional shares) from its sale of the 2026 Notes and issued 722,423 shares of common stock at $32.43 per share out of treasury stock with an average cost basis of $3.37 per share to repurchase approximately $66.3 million in aggregate principal amount of the 2024 Notes through individually negotiated transactions. Of the total price paid for the 2024 Notes, $59.0 million was allocated to the 2024 Notes settlement, $30.8 million was allocated to equity, and $1.0 million was used to pay off accrued interest on the 2024 Notes. The consideration transferred was allocated to the liability and equity components of the 2024 Notes using the equivalent rate that reflected the borrowing rate for a similar non-convertible debt instrument immediately prior to settlement. The transaction resulted in a loss on settlement of convertible notes of $8.1 million, which is recorded as a loss on extinguishment of debt in the Company’s unaudited interim condensed consolidated statements of operations. The loss represents the difference between (i) the fair value of the liability component and (ii) the sum of the carrying value of the debt component and any unamortized debt issuance costs at the time of settlement. Prior to the Company adopting ASU 2020-06 on January 1, 2022, the carrying amount of the liability component of the Notes was calculated by estimating the fair value of similar notes that do not have associated convertible features. The carrying amount of the equity component, representing the conversion option, was determined by deducting the fair value of the liability component from the fair value amount of the Notes. The valuation model used in determining the fair value of the liability component for the Notes includes inputs, such as the implied debt yield within the nonconvertible borrowing rate. The implied estimated effective rate of the liability component of the 2024 Notes, 2026 Notes, and 2027 Notes was 10.2%, 7.3%, and 6.5% respectively. The Notes are senior, unsecured obligations of the Company. The 2024 Notes, the 2026 Notes, and the 2027 Notes are convertible, in whole or in part, at the option of the holder, upon the occurrence of specified events or certain fundamental changes set forth in the Indentures prior to the close of business on the business day immediately preceding October 15, 2023, October 15, 2025, and April 15, 2027, respectively; and, thereafter, at any time until the close of business on the second business day immediately preceding maturity. The 2024 Notes are convertible into Company common stock at an initial conversion rate of 35.0217 shares per $1,000 principal amount, the 2026 Notes are convertible into Company common stock at an initial conversion rate of 23.2722 shares per $1,000 principal amount, and the 2027 Notes are convertible into Company common stock at an initial conversion rate of 12.9870 shares per $1,000 principal amount. Upon conversion, the Company may elect to settle by paying or delivering either solely cash, shares of Company common stock or a combination of cash and shares of Company common stock. Prior to the Company adopting ASU 2020-06 on January 1, 2022, in accordance with ASC Topic 470-20 Debt with Conversion and Other Options — Beneficial Conversion Features , at respective issuance dates, the initial measurement of the 2024 Notes at fair value resulted in a liability of $62.4 million and implied value of the convertible feature recognized to additional paid in capital of $17.6 million; the initial measurement of the 2026 Notes at fair value resulted in a liability of $93.8 million and implied value of the convertible feature recognized to additional paid in capital of $26.2 million; and, the initial measurement of the 2027 Notes at fair value resulted in a liability of $199.2 million and implied value of the convertible feature recognized to additional paid in capital of $65.8 million. Issuance costs for the Notes amounted to $4.9 million, $4.2 million, and $8.3 million for the 2024 Notes, 2026 Notes, and 2027 Notes, respectively. These costs were allocated to debt and equity components on a ratable basis. For the 2024 Notes, this amounted to $3.8 million and $1.1 million to the debt and equity components, respectively. For the 2026 Notes, this amounted to $3.3 million and $0.9 million to the debt and equity components, respectively. For the 2027 Notes, this amounted to $6.2 million and $2.1 million to the debt and equity components, respectively. Refer to 'Recently Adopted Accounting Pronouncements' in Note 1 for a summary of the Company's January 1, 2022 adoption of ASU 2020-06, Debt – Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging – Contracts in Entity’s Own Equity (Subtopic 815-40). The Indentures contain covenants that, among other things, restrict the Company’s ability to merge, consolidate or sell, or otherwise dispose of, substantially all of its assets and customary Events of Default (as defined in the Indentures). Prior to the Company adopting ASU 2020-06 on January 1, 2022, the Company recorded an income tax liability of $15.6 million in 2021 associated with the portion of the 2027 Notes that was classified within shareholders' equity. GAAP requires the offset of the deferred tax liability to be classified within shareholders' equity, consistent with the equity portion of the 2027 Notes. The creation of the deferred tax liability produced evidence of recoverability of the Company's net deferred tax assets, which resulted in the release of a valuation allowance, totaling $14.9 million, that was also classified within shareholders' equity pursuant to ASU 2019-12. Credit Facility In connection with, and to partially fund the approximately $397.5 million in cash paid to former Punchh equity holders (the "Cash Consideration") for the Punchh Acquisition, on April 8, 2021, the Company entered into the Owl Rock Credit Agreement. Issuance costs, which included a 2% Original Issue Discount, amounted to $9.3 million with net proceeds amounting to $170.7 million. The Company used net proceeds from the sale of the 2027 Notes and its concurrent sale of common stock (refer to “Note 8 — Common Stock” for additional information about the sale) to repay in full the Owl Rock Term Loan, including $1.8 million accrued interest and $3.6 million prepayment premium, on September 17, 2021. Following its repayment, the Owl Rock Credit Agreement was terminated. The transaction resulted in a loss on settlement of notes of $11.9 million, which is recorded as a loss on extinguishment of debt in the Company’s unaudited interim condensed consolidated statements of operations. The loss represents the difference between (i) reacquisition price, including prepayment premium, and (ii) the sum of the carrying value of the debt component and any unamortized debt issuance costs at the time of settlement. The following table summarizes interest expense recognized on the Notes and on the Credit Facility: Three Months (in thousands) 2022 2021 Contractual interest expense $ (2,003) $ (1,017) Amortization of debt issuance costs $ (486) $ (142) Amortization of discount — (1,032) Total interest expense $ (2,489) $ (2,191) In connection with the acquisition of AccSys, LLC in December 2019, the Company entered into a $2.0 million subordinated promissory note. The note bears interest at 5.75% per annum, with monthly payments of principal and interest in the amount of $60.6 thousand payable beginning January 15, 2020 through maturity on December 15, 2022. As of March 31, 2022, the outstanding balance of the subordinated promissory note was $0.5 million, which was recorded in the current portion of long-term debt. The following table summarizes the future principal payments as of March 31, 2022: (in thousands) 2022, remaining $ 533 2023 — 2024 13,750 2025 — 2026 120,000 Thereafter 265,000 Total $ 399,283

Common Stock

Common Stock	3 Months Ended
	Mar. 31, 2022
Equity [Abstract]
Common Stock	NOTE 8: COMMON STOCK On September 17, 2021, the Company completed a public offering of its common stock in which the Company issued and sold 982,143 shares of common stock at a public offering price of $56.00 per share. The Company received net proceeds of $52.5 million, after deducting underwriting discounts, commissions and other offering expenses. In connection with, and to partially fund the Cash Consideration of the Punchh Acquisition, on April 8, 2021, the Company entered into securities purchase agreements (the "Purchase Agreements") with each of PAR Act III, LLC ("Act III") and T. Rowe Price Associates, Inc., acting as investment adviser (such funds and accounts being collectively referred to herein as "TRP") to raise approximately $160.0 million through a private placement of the Company's common stock. Pursuant to the Purchase Agreements, the Company issued and sold (i) 73,530 shares of its common stock to Act III for a gross purchase price of approximately $5.0 million ($68.00 per share), and (ii) 2,279,412 shares of common stock to TRP for a gross purchase price of approximately $155.0 million ($68.00 per share) for an aggregate of 2,352,942 shares. The Company incurred $4.3 million of issuance costs in connection with the sale of its common stock. The Company also issued 1,493,130 of its common stock as part of the consideration paid to former Punchh equity holders in connection with the Punchh Acquisition. Refer to “Note 3 — Acquisitions” for additional information about the Punchh Acquisition.

Stock-Based Compensation

Stock-Based Compensation	3 Months Ended
	Mar. 31, 2022
Share-based Payment Arrangement [Abstract]
Stock-Based Compensation	OTE 9: STOCK-BASED COMPENSATION The Company applies the fair value recognition provisions of ASC Topic 718 : Stock Compensation . Stock-based compensation expense, net of forfeitures of $0.6 million for the three months ended March 31, 2022, was recorded in the following line items in the condensed consolidated statements of operations. Forfeitures were not material for the three months ended March 31, 2021. Three Months (in thousands) 2022 2021 Cost of sales - contracts $ 49 $ 67 Selling, general and administrative 3,487 1,253 Total stock-based compensation expense $ 3,536 $ 1,320 At March 31, 2022, the aggregate unrecognized compensation expense related to unvested equity awards was $29.6 million, which is expected to be recognized as compensation expense in fiscal years 2022 through 2025. A summary of stock option activity for the three months ended March 31, 2022 is below: (in thousands, except for weighted average exercise price) Options outstanding Weighted Outstanding at January 1, 2022 1,306 $ 11.95 Exercised (96) 7.43 Canceled/forfeited (68) 8.97 Outstanding at March 31, 2022 1,142 $ 12.52 A summary of unvested restricted stock awards activity for the three months ended March 31, 2022 is below: (in thousands, except for weighted average award value) Restricted Stock Awards Weighted Outstanding at January 1, 2022 27 $ 25.42 Vested (27) 25.42 Outstanding at March 31, 2022 — A summary of unvested restricted stock units activity for the three months ended March 31, 2022 is below: (in thousands, except for weighted average award value) Restricted Stock Weighted Outstanding at January 1, 2022 418 $ 34.08 Granted 309 38.34 Vested (71) 26.36 Canceled/forfeited (49) 46.39 Outstanding at March 31, 2022 607 $ 36.02

Net Loss Per Share

Net Loss Per Share	3 Months Ended
	Mar. 31, 2022
Earnings Per Share [Abstract]
Net Loss Per Share	NOTE 10: NET LOSS PER SHARE Net loss per share is calculated in accordance with ASC Topic 260: Earnings per Share , which specifies the computation, presentation and disclosure requirements for earnings per share (“EPS”). It requires the presentation of basic and diluted EPS. Basic EPS excludes all dilution and is based upon the weighted average number of shares of common stock outstanding during the period. Diluted EPS reflects the potential dilution that would occur if convertible securities or other contracts to issue common stock were exercised. At March 31, 2022, there were 1,142,000 anti-dilutive stock options outstanding compared to 894,000 as of March 31, 2021. At March 31, 2022 there were 607,000 anti-dilutive restricted stock units compared to 414,000 as of March 31, 2021. The potential effects of the 2024 Notes, 2026 Notes, and 2027 Notes conversion features were excluded from the diluted net loss per share as of March 31, 2022 and 2021. Potential shares from 2024 Notes, 2026 Notes, and 2027 Notes conversion features at respective maximum conversion rates of 46.4037 per share, 30.8356 per share, and 17.8571 per share are approximately 638,051, 3,700,272, and 4,732,132 respectively. Refer to “Note 7 — Debt” for additional information about the Notes.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	NOTE 11: COMMITMENTS AND CONTINGENCIESFrom time to time, the Company is party to legal proceedings arising in the ordinary course of business. Additionally, U.S. Government contract costs are subject to periodic audit and adjustment. Based on information currently available, and based on its evaluation of such information, the Company believes the legal proceedings in which it is currently involved are not material or are not likely to result in a material adverse effect on the Company’s business, financial condition or results of operations, or cannot currently be estimated.

Segment and Related Information

Segment and Related Information	3 Months Ended
	Mar. 31, 2022
Segment Reporting [Abstract]
Segment and Related Information	NOTE 12: SEGMENT AND RELATED INFORMATION The Company is organized in two segments, Restaurant/Retail and Government. Management views the Restaurant/Retail and Government segments separately in operating its business, as the products and services are different for each segment. The Restaurant/Retail segment is a provider of software, hardware and services to the restaurant and retail industries. The Restaurant/Retail segment provides multi-unit and individual restaurants, franchisees, and enterprise customers in the three major restaurant categories (fast casual, quick serve, and table service) with operational efficiencies, offering them an integrated cloud solution with Brink POS cloud software for front-of-house, Data Central back-office cloud solution, PAR Pay and PAR Payment Services for payment solutions, and Punchh loyalty and engagement solution, all of which are on the Company's unified commerce cloud platform. This segment also offers customer support, including field service, installation, depot repair, and 24-hour telephone support. The Government segment provides technical expertise and development of advanced systems and software solutions for the DoD, the intelligence community and other federal agencies. This segment also provides support services for satellite command and control, communication, and IT systems at several DoD facilities worldwide. Information noted as “Other” primarily relates to the Company’s corporate operations. Information as to the Company’s segments is set forth in the tables below: (in thousands) Three Months Ended 2022 2021 Net revenues: Restaurant/Retail $ 58,846 $ 36,584 Government 21,439 17,883 Total $ 80,285 $ 54,467 Operating (loss) income: Restaurant/Retail $ (5,181) $ (9,285) Government 1,547 1,190 Other (9,175) 2,074 Total (12,809) (6,021) Other expense, net (368) (51) Interest expense, net (2,463) (2,160) Loss before provision for income taxes $ (15,640) $ (8,232) Depreciation, amortization and accretion: Restaurant/Retail $ 5,910 $ 2,429 Government 109 36 Other 867 1,525 Total $ 6,886 $ 3,990 Capital expenditures including software costs: Restaurant/Retail $ 1,547 $ 1,517 Government 44 152 Other 257 — Total $ 1,848 $ 1,669 (in thousands) Three Months 2022 2021 Revenues by country: United States $ 75,593 $ 50,603 International 4,692 3,864 Total $ 80,285 $ 54,467 The following table represents assets by reporting segment. (in thousands) March 31, 2022 December 31, 2021 Restaurant/Retail $ 681,911 $ 674,032 Government 21,080 14,831 Other 168,705 199,286 Total $ 871,696 $ 888,149 The following table represents identifiable long-lived tangible assets by country based on the location of the assets. (in thousands) March 31, 2022 December 31, 2021 United States $ 858,071 $ 871,184 Other Countries 13,625 16,965 Total $ 871,696 $ 888,149 The following table represents goodwill by reporting segment. (in thousands) March 31, 2022 December 31, 2021 Restaurant/Retail $ 456,697 $ 456,570 Government 736 736 Total $ 457,433 $ 457,306 Customers comprising 10% or more of the Company’s total revenues by reporting segment are summarized as follows: Three Months Ended 2022 2021 Restaurant/Retail reporting segment: Yum! Brands, Inc. 10 % 12 % McDonald’s Corporation 10 % 7 % Government reporting segment: U.S. Department of Defense 27 % 33 % All Others 53 % 48 % 100 % 100 % No other customer within All Others represented 10% or more of the Company’s total revenue for the three months ended March 31, 2022 or 2021.

Fair Value of Financial Instrum

Fair Value of Financial Instruments	3 Months Ended
	Mar. 31, 2022
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	NOTE 13: FAIR VALUE OF FINANCIAL INSTRUMENTS The Company’s financial instruments have been recorded at fair value using available market information and valuation techniques. The fair value hierarchy is based upon three levels of input, which are: Level 1 — quoted prices in active markets for identical assets or liabilities (observable) Level 2 — inputs other than Level 1 that are observable, either directly or indirectly, such as quoted prices for similar assets or liabilities, quoted prices in inactive markets, or other inputs that are observable market data for essentially the full term of the asset or liability (observable) Level 3 — unobservable inputs that are supported by little or no market activity, but are significant to determining the fair value of the asset or liability (unobservable) The Company’s financial instruments primarily consist of cash and cash equivalents, trade receivables, trade payables, debt instruments and deferred compensation assets and liabilities. The carrying amounts of cash and cash equivalents, trade receivables and trade payables as of March 31, 2022 and December 31, 2021 were considered representative of their fair values because of their short-term nature. The estimated fair value of the 2024 Notes, 2026 Notes, and 2027 Notes at March 31, 2022 was $22.5 million, $144.6 million, and $230.6 million respectively. The valuation techniques used to determine the fair value of the 2024 Notes, 2026 Notes, and the 2027 Notes are classified within Level 2 of the fair value hierarchy. The deferred compensation assets and liabilities primarily relate to the Company’s deferred compensation plan, which allows for pre-tax salary deferrals for certain key employees. Changes in the fair value of the deferred compensation liabilities are derived using quoted prices in active markets of the asset selections made by plan participants. The deferred compensation liabilities are classified within Level 2, the fair value classification as defined under FASB ASC Topic 820: Fair Value Measurements , because their inputs are derived principally from observable market data by correlation to the hypothetical investments. The Company holds insurance investments to partially offset the Company’s liabilities under its deferred compensation plan, which are recorded at fair value each period using the cash surrender value of the insurance investments. The amounts owed to employees participating in the deferred compensation plan at March 31, 2022 was $2.1 million compared to $2.4 million at December 31, 2021 and are included in other long-term liabilities on the condensed consolidated balance sheets.

Basis of Presentation (Policies

Basis of Presentation (Policies)	3 Months Ended
	Mar. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	NOTE 1: BASIS OF PRESENTATION The accompanying unaudited interim condensed consolidated financial statements (“financial statements”) of PAR Technology Corporation and its consolidated subsidiaries (collectively, the “Company”, “PAR”, “we”, “us” or “our Company”) have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial statements and the instructions to Form 10-Q and Regulation S-X pertaining to interim financial statements as promulgated by the SEC. In the opinion of management, the Company's financial statements include all normal and recurring adjustments necessary in order to make the financial statements not misleading and to provide a fair presentation of the Company's financial results for the interim period included in this Quarterly Report. Interim results are not necessarily indicative of results for the full year or any future periods. The information included in this Quarterly Report should be read in conjunction with the Company's audited consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2021 (the “2021 Annual Report”). The preparation of the financial statements requires management of the Company to make a number of estimates and assumptions relating to the reported amount of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the period. Significant items subject to such estimates and assumptions include revenue recognition, stock-based compensation, the recognition and measurement of assets acquired and liabilities assumed in business combinations at fair value, the carrying amount of property, plant and equipment including right-to-use assets and liabilities, identifiable intangible assets and goodwill, the measurement of liabilities and equity recognized for outstanding convertible notes, current expected credit losses for receivables, net realizable value for inventories, and measurement of contingent consideration at fair value. Actual results could differ from these estimates. The Company's estimates and assumption are subject to uncertainties, including those associated with market conditions, risks and trends and the ongoing COVID-19 pandemic.
Segment Reporting	The Company operates in two distinct reporting segments, Restaurant/Retail and Government. The Company’s chief operating decision maker is the Company’s Chief Executive Officer. The Restaurant/Retail segment provides enterprise restaurants, franchisees, and other restaurant outlets in the three major restaurant categories, quick service, fast casual, and table service, with operational efficiencies, offering them an integrated cloud solution by combining Brink POS cloud software for front-of-house, Data Central back-office cloud solution, PAR Pay and PAR Payment Services for payments, and Punchh loyalty and engagement solution on a unified commerce cloud platform. The Government segment provides technical expertise and development of advanced systems and software solutions for the U.S. Department of Defense (“DoD”) and other federal agencies, as well as satellite command and control, communication, and IT mission systems at several DoD facilities worldwide. The financial statements also include corporate operations, which are comprised of enterprise-wide functional departments.
Cash and Cash Equivalents	Cash and Cash Equivalents The Company considers all highly liquid investments purchased with a remaining maturity of three months or less, to be cash equivalents, including money market funds. The Company maintained bank balances that, at times, exceeded the federally insured limit during the three months ended March 31, 2022. The Company has not experienced losses relating to these deposits and management does not believe that the Company is exposed to any significant credit risk with respect to these amounts.
Other Long-Term Liabilities	Other Long-Term Liabilities Other liabilities represent amounts owed to employees that participate in the Company’s deferred compensation plan and the long-term portion of the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”) deferred payroll taxes. Amounts owed to employees participating in the deferred compensation plan was $2.1 million and $2.4 million at March 31, 2022 and December 31, 2021, respectively.
Related Party Transactions	Related Party Transactions Act III Management LLC (“Act III Management”), a service company to the restaurant, hospitality, and entertainment industries, provides software development and restaurant technology consulting services to the Company pursuant to a master development agreement. Keith Pascal, a director of the Company, is an employee of
Recently Adopted Accounting Pronouncements	Recently Adopted Accounting Pronouncements In August 2020, the FASB issued ASU No. 2020-06, Debt – Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging – Contracts in Entity’s Own Equity (Subtopic 815-40). The new guidance is intended to simplify the accounting for certain convertible instruments with characteristics of both liability and equity. The guidance removes certain accounting models which separate the embedded conversion features from the host contract for convertible instruments. As a result, after the adoption of this guidance, an entity’s convertible debt instrument will be wholly accounted for as debt. The guidance also expands disclosure requirements for convertible instruments and simplifies areas of the guidance for diluted earnings-per-share calculations by requiring the use of the if-converted method. The guidance is effective for fiscal years beginning after December 15, 2021 and can be adopted on either a fully retrospective or modified retrospective basis. The Company adopted the new standard as of January 1, 2022 under the modified retrospective method and recorded a cumulative effect upon adoption of a $81.3 million increase to convertible notes, $66.6 million reduction to other paid in capital, $13.4 million reduction to accumulated deficit, and a $1.3 million reduction to deferred tax liability to reflect the reversal of the separation of the convertible debt between debt and equity. Prior year presentation of debt was not impacted. The adoption of this standard also decreased the amount of non-cash interest expense to be recognized in future periods as a result of eliminating the discount associated with the equity component. There was no impact to the Company’s condensed consolidated statements of cash flows as the result of the adoption of ASU No. 2020-06. In October 2021, the FASB issued ASU No. 2021-08, Business Combinations (Topic 805), Accounting for Contract Assets and Contract Liabilities from Contracts with Customers , which is intended to require acquiring entities to apply Topic 606 to recognize and measure contract assets and contract liabilities in a business combination. ASU 2021-08 is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2022, with early adoption permitted. The Company early adopted the new standard as of January 1, 2022, with no impact to the Company's condensed consolidated financial statements at adoption. Future impact of adoption is dependent on Company's activity as an acquiring entity in transactions subject to Topic 805. With the exception of the standards discussed above, there were no other recent accounting pronouncements or changes in accounting pronouncements during the three months ended March 31, 2022 that are of significance or potential significance to the Company.

Basis of Presentation (Tables)

Basis of Presentation (Tables)	3 Months Ended
	Mar. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of Cash and Cash Equivalents	Cash and cash equivalents consist of the following: (in thousands) March 31, 2022 December 31, 2021 Cash and cash equivalents Cash $ 72,076 $ 69,249 Money market funds 91,131 119,170 Total cash and cash equivalents $ 163,207 $ 188,419

Revenue Recognition (Tables)

Revenue Recognition (Tables)	3 Months Ended
	Mar. 31, 2022
Revenue from Contract with Customer [Abstract]
Schedule of Performance Obligations	The activity of outstanding performance obligations as it relates to customer deposits and deferred service revenue is as follows: (in thousands) 2022 2021 Beginning balance - January 1 $ 20,046 $ 11,082 Recognition of deferred revenue (9,941) (2,603) Deferral of revenue 10,857 2,597 Ending balance - March 31 $ 20,962 $ 11,076 Next 12 months $ 93,962 Months 13-24 57,185 Months 25-36 33,086 Thereafter 11,422 Total $ 195,655
Schedule of Disaggregated Revenue	Disaggregated revenue is as follows: Three Months Ended March 31, 2022 (in thousands) Restaurant/Retail Restaurant/Retail Government Hardware $ 24,653 $ — $ — Software 34 19,313 — Service 5,520 9,326 — Mission systems — — 8,915 Intelligence, surveillance, and reconnaissance solutions — — 12,290 Product — — 234 Total $ 30,207 $ 28,639 $ 21,439 Three Months Ended March 31, 2021 (in thousands) Restaurant/Retail Restaurant/Retail Government Hardware $ 17,835 $ — $ — Software 243 7,633 — Service 3,412 7,461 — Mission systems — — 9,547 Intelligence, surveillance, and reconnaissance solutions — — 8,131 Product — — 205 Total $ 21,490 $ 15,094 $ 17,883

Acquisition (Tables)

Acquisition (Tables)	3 Months Ended
	Mar. 31, 2022
Business Combination and Asset Acquisition [Abstract]
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed	The following table presents management's final purchase price allocation for the Punchh Acquisition: (in thousands) Purchase price allocation Cash $ 22,714 Accounts receivable 10,214 Property and equipment 592 Lease right-of-use assets 2,473 Developed technology 84,600 Customer relationships 7,500 Indemnification assets 2,109 Trade name 5,800 Prepaid and other acquired assets 2,764 Goodwill 415,055 Total assets 553,821 Accounts payable and accrued expenses 15,617 Deferred revenue 10,298 Loan payables 3,508 Lease liabilities 2,787 Indemnification liabilities 2,109 Deferred taxes 11,794 Consideration paid $ 507,708
Schedule of Pro Forma Financial Information	The following table summarizes the Company's unaudited pro forma operating results for the three months ended March 31: (in thousands) 2021 Total revenue $ 62,535 Net loss $ (11,092)

Accounts Receivable, Net (Table

Accounts Receivable, Net (Tables)	3 Months Ended
	Mar. 31, 2022
Receivables [Abstract]
Schedule of Accounts Receivable, Net	NOTE 4: ACCOUNTS RECEIVABLE, NET The Company’s net accounts receivables consist of: (in thousands) March 31, 2022 December 31, 2021 Government segment: Billed $ 17,335 $ 11,667 17,335 11,667 Restaurant/Retail segment: 37,236 38,311 Accounts receivable - net $ 54,571 $ 49,978
Schedule of Accounts Receivable, Allowance for Credit Loss	At March 31, 2022 and December 31, 2021, the Company had current expected credit loss of $1.5 million and $1.3 million, respectively, against accounts receivable for the Restaurant/Retail segment. Changes in the current expected credit loss were as follows for the three months ended March 31: (in thousands) 2022 2021 Beginning Balance - January 1 $ 1,306 $ 1,416 Provisions (reductions) 326 (18) Write-offs (88) (129) Recoveries — (15) Ending Balance - March 31 $ 1,544 $ 1,254

Inventories (Tables)

Inventories (Tables)	3 Months Ended
	Mar. 31, 2022
Inventory Disclosure [Abstract]
Schedule of Inventories	NOTE 5: INVENTORIES Inventories are used in the manufacture and service of Restaurant/Retail products. The components of inventory, adjusted for reserves, consisted of the following: (in thousands) March 31, 2022 December 31, 2021 Finished goods $ 23,412 $ 17,528 Work in process 577 688 Component parts 14,915 14,880 Service parts 2,026 1,982 Inventories $ 40,930 $ 35,078

Identifiable Intangible Asset_2

Identifiable Intangible Assets and Goodwill (Tables)	3 Months Ended
	Mar. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Components of Identifiable Intangible Assets, Excluding Discontinued Operations	The components of identifiable intangible assets are: (in thousands) March 31, 2022 December 31, 2021 Estimated Weighted-Average Amortization Period Acquired developed technology $ 109,100 $ 109,100 3 - 7 years 5 years Internally developed software costs 27,255 25,735 3 years 2.92 years Customer relationships 12,360 12,360 7 years 5 years Trade names 1,410 1,410 2 - 5 years 3 years Non-competition agreements 30 30 1 year 1 year 150,155 148,635 Less accumulated amortization (45,244) (39,479) 104,911 109,156 Internally developed software costs not meeting general release threshold 3,468 3,407 Trademarks, trade names (non-amortizable) 6,200 6,200 Indefinite $ 114,579 $ 118,763
Schedule of Future Amortization of Intangible Assets	The expected future amortization of intangible assets, assuming straight-line amortization of capitalized software development costs and acquisition related intangibles, excluding software costs not meeting the general release threshold, is as follows: (in thousands) 2022, remaining $ 16,922 2023 20,667 2024 17,947 2025 16,534 2026 16,091 Thereafter 16,750 Total $ 104,911
Schedule of Goodwill	Goodwill carried by the Restaurant/Retail and Government segments is as follows: (in thousands) Beginning balance - December 31, 2021 $ 457,306 Q1 2022 Acquisition 1,212 ASC 805 measurement period adjustment (1,085) Ending balance - March 31, 2022 $ 457,433 Refer to “Note 3 — Acquisitions”, for additional information on goodwill from the Q1 2022 Acquisition.

Debt (Tables)

Debt (Tables)	3 Months Ended
	Mar. 31, 2022
Debt Disclosure [Abstract]
Schedule of Long-term Debt Instruments	The following table summarizes information about the net carrying amounts of long-term debt as of March 31, 2022: (in thousands) 2024 Notes 2026 Notes 2027 Notes Total Principal amount of notes outstanding $ 13,750 $ 120,000 $ 265,000 $ 398,750 Unamortized debt issuance cost (391) (3,003) (7,675) (11,069) Total long-term portion of notes payable $ 13,359 $ 116,997 $ 257,325 $ 387,681 The following table summarizes information about the net carrying amounts of long-term debt as of December 31, 2021: (in thousands) 2024 Notes 2026 Notes 2027 Notes Total Principal amount of notes outstanding $ 13,750 $ 120,000 $ 265,000 $ 398,750 Unamortized debt issuance cost (334) (2,440) (5,984) (8,758) Unamortized discount (1,570) (19,413) (63,164) (84,147) Total long-term portion of notes payable $ 11,846 $ 98,147 $ 195,852 $ 305,845
Summary of Equity and Liability Components of the Notes	The following table summarizes interest expense recognized on the Notes and on the Credit Facility: Three Months (in thousands) 2022 2021 Contractual interest expense $ (2,003) $ (1,017) Amortization of debt issuance costs $ (486) $ (142) Amortization of discount — (1,032) Total interest expense $ (2,489) $ (2,191)
Schedule of Maturities of Notes	The following table summarizes the future principal payments as of March 31, 2022: (in thousands) 2022, remaining $ 533 2023 — 2024 13,750 2025 — 2026 120,000 Thereafter 265,000 Total $ 399,283

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	3 Months Ended
	Mar. 31, 2022
Share-based Payment Arrangement [Abstract]
Share-based Payment Arrangement, Expensed and Capitalized, Amount	Stock-based compensation expense, net of forfeitures of $0.6 million for the three months ended March 31, 2022, was recorded in the following line items in the condensed consolidated statements of operations. Forfeitures were not material for the three months ended March 31, 2021. Three Months (in thousands) 2022 2021 Cost of sales - contracts $ 49 $ 67 Selling, general and administrative 3,487 1,253 Total stock-based compensation expense $ 3,536 $ 1,320
Summary of Stock Option Activity	A summary of stock option activity for the three months ended March 31, 2022 is below: (in thousands, except for weighted average exercise price) Options outstanding Weighted Outstanding at January 1, 2022 1,306 $ 11.95 Exercised (96) 7.43 Canceled/forfeited (68) 8.97 Outstanding at March 31, 2022 1,142 $ 12.52
Summary of Restricted Stock and RSU Awards Activity	A summary of unvested restricted stock awards activity for the three months ended March 31, 2022 is below: (in thousands, except for weighted average award value) Restricted Stock Awards Weighted Outstanding at January 1, 2022 27 $ 25.42 Vested (27) 25.42 Outstanding at March 31, 2022 — A summary of unvested restricted stock units activity for the three months ended March 31, 2022 is below: (in thousands, except for weighted average award value) Restricted Stock Weighted Outstanding at January 1, 2022 418 $ 34.08 Granted 309 38.34 Vested (71) 26.36 Canceled/forfeited (49) 46.39 Outstanding at March 31, 2022 607 $ 36.02

Segment and Related Informati_2

Segment and Related Information (Tables)	3 Months Ended
	Mar. 31, 2022
Segment Reporting [Abstract]
Schedule of Segment Information	Information noted as “Other” primarily relates to the Company’s corporate operations. Information as to the Company’s segments is set forth in the tables below: (in thousands) Three Months Ended 2022 2021 Net revenues: Restaurant/Retail $ 58,846 $ 36,584 Government 21,439 17,883 Total $ 80,285 $ 54,467 Operating (loss) income: Restaurant/Retail $ (5,181) $ (9,285) Government 1,547 1,190 Other (9,175) 2,074 Total (12,809) (6,021) Other expense, net (368) (51) Interest expense, net (2,463) (2,160) Loss before provision for income taxes $ (15,640) $ (8,232) Depreciation, amortization and accretion: Restaurant/Retail $ 5,910 $ 2,429 Government 109 36 Other 867 1,525 Total $ 6,886 $ 3,990 Capital expenditures including software costs: Restaurant/Retail $ 1,547 $ 1,517 Government 44 152 Other 257 — Total $ 1,848 $ 1,669 (in thousands) Three Months 2022 2021 Revenues by country: United States $ 75,593 $ 50,603 International 4,692 3,864 Total $ 80,285 $ 54,467 The following table represents goodwill by reporting segment. (in thousands) March 31, 2022 December 31, 2021 Restaurant/Retail $ 456,697 $ 456,570 Government 736 736 Total $ 457,433 $ 457,306
Schedule of Identifiable Assets by Reporting Segment	The following table represents assets by reporting segment. (in thousands) March 31, 2022 December 31, 2021 Restaurant/Retail $ 681,911 $ 674,032 Government 21,080 14,831 Other 168,705 199,286 Total $ 871,696 $ 888,149
Schedule of Revenue by Geographic Area	The following table represents identifiable long-lived tangible assets by country based on the location of the assets. (in thousands) March 31, 2022 December 31, 2021 United States $ 858,071 $ 871,184 Other Countries 13,625 16,965 Total $ 871,696 $ 888,149
Schedule of Revenue by Major Customers	Customers comprising 10% or more of the Company’s total revenues by reporting segment are summarized as follows: Three Months Ended 2022 2021 Restaurant/Retail reporting segment: Yum! Brands, Inc. 10 % 12 % McDonald’s Corporation 10 % 7 % Government reporting segment: U.S. Department of Defense 27 % 33 % All Others 53 % 48 % 100 % 100 %

Basis of Presentation - Narrati

Basis of Presentation - Narrative (Details)	1 Months Ended	3 Months Ended
	Dec. 31, 2021USD ($)	Mar. 31, 2022USD ($)reporting_unit	Mar. 31, 2021USD ($)	Jan. 01, 2022USD ($)	Dec. 31, 2020USD ($)
Property, Plant and Equipment [Line Items]
Number of operating segments | reporting_unit		2
Number of reportable segments | reporting_unit		2
Gain on insurance proceeds		$ 0	$ 4,400,000
Deferred compensation liability	$ 2,400,000	2,100,000
Long-term deferred amount due 2021					50.00%
Long-term deferred amount due 2022					50.00%
Payment of accrued salaries and benefits	1,900,000	4,511,000	3,916,000
Accrued payroll taxes					$ 2,800,000
Accrued payroll taxes, current	1,900,000	1,900,000
Liability, debt		399,283,000
Adjustment for new accounting pronouncement	(504,345,000)	(411,470,000)	(177,852,000)		(188,405,000)
Punchh Inc.
Property, Plant and Equipment [Line Items]
Accrued payroll taxes	1,000,000
Accumulated Deficit
Property, Plant and Equipment [Line Items]
Adjustment for new accounting pronouncement	122,505,000	151,535,000	54,977,000		46,706,000
Additional Paid in Capital
Property, Plant and Equipment [Line Items]
Adjustment for new accounting pronouncement	(640,937,000)	(578,628,000)	$ (245,566,000)		$ (243,575,000)
Cumulative Effect, Period of Adoption, Adjustment
Property, Plant and Equipment [Line Items]
Adjustment for new accounting pronouncement	80,036,000
Reduction to deferred tax liability				$ 1,300,000
Cumulative Effect, Period of Adoption, Adjustment | Accumulated Deficit
Property, Plant and Equipment [Line Items]
Adjustment for new accounting pronouncement	13,380,000			(13,400,000)
Cumulative Effect, Period of Adoption, Adjustment | Additional Paid in Capital
Property, Plant and Equipment [Line Items]
Adjustment for new accounting pronouncement	$ 66,656,000			(66,600,000)
Cumulative Effect, Period of Adoption, Adjustment | Convertible Notes
Property, Plant and Equipment [Line Items]
Liability, debt				$ 81,300,000
Director | Developed technology
Property, Plant and Equipment [Line Items]
Accounts payable owed to related party		100,000
Director | Master Development Agreement
Property, Plant and Equipment [Line Items]
Services purchased from related party		$ 200,000

Basis of Presentation - Cash an

Basis of Presentation - Cash and Cash Equivalents (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Cash	$ 72,076	$ 69,249
Money market funds	91,131	119,170
Total cash and cash equivalents	$ 163,207	$ 188,419

Revenue Recognition - Narrative

Revenue Recognition - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021	Dec. 31, 2020
Disaggregation of Revenue [Line Items]
Support contract timing	12 months
Customer deposits	$ 1,900	$ 1,600
Performance obligations	20,962	11,076	$ 20,046	$ 11,082
Recognition of deferred revenue	9,941	2,603
Restaurant/Retail
Disaggregation of Revenue [Line Items]
Recognition of deferred revenue	$ 4,500	$ 2,600
Restaurant/Retail | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-04-01
Disaggregation of Revenue [Line Items]
Performance obligation, percentage	69.00%
Performance obligations, period	12 months
Restaurant/Retail | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-04-01
Disaggregation of Revenue [Line Items]
Performance obligation, percentage	31.00%
Performance obligations, period	48 months
Government
Disaggregation of Revenue [Line Items]
Performance obligations	$ 195,655		195,300
Funded performance obligations	$ 42,400		$ 38,600
Government | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-04-01
Disaggregation of Revenue [Line Items]
Performance obligations, period	1 year
Performance obligations	$ 93,962
Government | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-04-01
Disaggregation of Revenue [Line Items]
Performance obligations, period	1 year
Performance obligations	$ 57,185
Government | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-04-01
Disaggregation of Revenue [Line Items]
Performance obligations, period	1 year
Performance obligations	$ 33,086
Government | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-04-01
Disaggregation of Revenue [Line Items]
Performance obligations, period
Performance obligations	$ 11,422
Minimum
Disaggregation of Revenue [Line Items]
Payment period	30 days
Maximum
Disaggregation of Revenue [Line Items]
Payment period	90 days

Revenue Recognition - Schedule

Revenue Recognition - Schedule of Performance Obligations (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Revenue, Remaining Performance Obligation [Roll Forward]
Beginning balance	$ 20,046	$ 11,082
Recognition of deferred revenue	(9,941)	(2,603)
Deferral of revenue	10,857	2,597
Ending balance	$ 20,962	$ 11,076

Revenue Recognition - Performan

Revenue Recognition - Performance Obligations (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021	Mar. 31, 2021	Dec. 31, 2020
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligations	$ 20,962	$ 20,046	$ 11,076	$ 11,082
Government
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligations	$ 195,655	$ 195,300
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-04-01 | Restaurant/Retail
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligation, percentage	69.00%
Performance obligations, period	12 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-04-01 | Government
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligations, period	1 year
Performance obligations	$ 93,962
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-04-01 | Restaurant/Retail
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligation, percentage	31.00%
Performance obligations, period	48 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-04-01 | Government
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligations, period	1 year
Performance obligations	$ 57,185
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-04-01 | Government
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligations, period	1 year
Performance obligations	$ 33,086
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-04-01 | Government
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligations, period
Performance obligations	$ 11,422

Revenue Recognition - Schedul_2

Revenue Recognition - Schedule of Disaggregated Revenue (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Disaggregation of Revenue [Line Items]
Revenue	$ 80,285	$ 54,467
Service
Disaggregation of Revenue [Line Items]
Revenue	33,773	18,028
Product
Disaggregation of Revenue [Line Items]
Revenue	25,073	18,556
Restaurant/Retail
Disaggregation of Revenue [Line Items]
Revenue	58,846	36,584
Government
Disaggregation of Revenue [Line Items]
Revenue	21,439	17,883
Point in Time | Restaurant/Retail
Disaggregation of Revenue [Line Items]
Revenue	30,207	21,490
Point in Time | Restaurant/Retail | Hardware
Disaggregation of Revenue [Line Items]
Revenue	24,653	17,835
Point in Time | Restaurant/Retail | Software
Disaggregation of Revenue [Line Items]
Revenue	34	243
Point in Time | Restaurant/Retail | Service
Disaggregation of Revenue [Line Items]
Revenue	5,520	3,412
Point in Time | Restaurant/Retail | Mission systems
Disaggregation of Revenue [Line Items]
Revenue	0	0
Point in Time | Restaurant/Retail | Intelligence, surveillance, and reconnaissance solutions
Disaggregation of Revenue [Line Items]
Revenue	0	0
Point in Time | Restaurant/Retail | Product
Disaggregation of Revenue [Line Items]
Revenue	0	0
Over Time | Restaurant/Retail
Disaggregation of Revenue [Line Items]
Revenue	28,639	15,094
Over Time | Restaurant/Retail | Hardware
Disaggregation of Revenue [Line Items]
Revenue	0	0
Over Time | Restaurant/Retail | Software
Disaggregation of Revenue [Line Items]
Revenue	19,313	7,633
Over Time | Restaurant/Retail | Service
Disaggregation of Revenue [Line Items]
Revenue	9,326	7,461
Over Time | Restaurant/Retail | Mission systems
Disaggregation of Revenue [Line Items]
Revenue	0	0
Over Time | Restaurant/Retail | Intelligence, surveillance, and reconnaissance solutions
Disaggregation of Revenue [Line Items]
Revenue	0	0
Over Time | Restaurant/Retail | Product
Disaggregation of Revenue [Line Items]
Revenue	0	0
Over Time | Government
Disaggregation of Revenue [Line Items]
Revenue	21,439	17,883
Over Time | Government | Hardware
Disaggregation of Revenue [Line Items]
Revenue	0	0
Over Time | Government | Software
Disaggregation of Revenue [Line Items]
Revenue	0	0
Over Time | Government | Service
Disaggregation of Revenue [Line Items]
Revenue	0	0
Over Time | Government | Mission systems
Disaggregation of Revenue [Line Items]
Revenue	8,915	9,547
Over Time | Government | Intelligence, surveillance, and reconnaissance solutions
Disaggregation of Revenue [Line Items]
Revenue	12,290	8,131
Over Time | Government | Product
Disaggregation of Revenue [Line Items]
Revenue	$ 234	$ 205

Acquisitions - Narrative (Detai

Acquisitions - Narrative (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2022USD ($)
Business Acquisition [Line Items]
Increase in goodwill due to acquisition	$ 1,212
Other adjustments	300
Punchh Inc.
Business Acquisition [Line Items]
Adjustment to deferred revenue	800
Reduction adjustment to goodwill	1,100
Reduction adjustment of indemnification assets	100
Reduction adjustment of indemnification liabilities	100
Escrow deposit	2,100
Revenue of acquiree	11,200
Q1 2022 Acquisition
Business Acquisition [Line Items]
Increase in goodwill due to acquisition	$ 1,200

Acquisitions - Schedule of Reco

Acquisitions - Schedule of Recognized Identified Assets Acquired and Liabilities Assumed (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021	Apr. 08, 2021
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net [Abstract]
Goodwill	$ 457,433	$ 457,306
Punchh Inc.
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net [Abstract]
Cash			$ 22,714
Accounts receivable			10,214
Property and equipment			592
Lease right-of-use assets			2,473
Indemnification assets			2,109
Prepaid and other acquired assets			2,764
Goodwill			415,055
Total assets			553,821
Accounts payable and accrued expenses			15,617
Deferred revenue			10,298
Loan payables			3,508
Lease liabilities			2,787
Indemnification liabilities			2,109
Deferred taxes			11,794
Consideration paid			507,708
Punchh Inc. | Trade name
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net [Abstract]
Indefinite-lived intangible assets			5,800
Punchh Inc. | Developed technology
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net [Abstract]
Finite-lived intangible assets			84,600
Punchh Inc. | Customer relationships
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net [Abstract]
Finite-lived intangible assets			$ 7,500

Acquisitions - Pro Forma Inform

Acquisitions - Pro Forma Information (Details) - Punchh Inc. $ in Thousands	3 Months Ended
	Mar. 31, 2021USD ($)
Business Acquisition [Line Items]
Total revenue	$ 62,535
Net loss	$ (11,092)

Accounts Receivable, Net - Sche

Accounts Receivable, Net - Schedule of Accounts Receivable, Net (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Accounts Receivable [Abstract]
Accounts receivable – net	$ 54,571	$ 49,978
Government
Accounts Receivable [Abstract]
Accounts receivable – net	17,335	11,667
Restaurant/Retail
Accounts Receivable [Abstract]
Accounts receivable – net	37,236	38,311
Billed | Government
Accounts Receivable [Abstract]
Accounts receivable – net	$ 17,335	$ 11,667

Accounts Receivable, Net - Acco

Accounts Receivable, Net - Accounts Receivable, Allowance for Credit Loss (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for doubtful accounts	$ 1,500
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	1,300
Provisions (reductions)	326	$ 18
Ending balance	1,500
Restaurant/Retail
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for doubtful accounts	1,544	1,254
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	1,306	1,416
Provisions (reductions)	326	(18)
Write-offs	(88)	(129)
Recoveries	0	(15)
Ending balance	$ 1,544	$ 1,254

Inventories - Schedule of Inven

Inventories - Schedule of Inventories (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Inventory, Net, Items Net of Reserve Alternative [Abstract]
Finished goods	$ 23,412	$ 17,528
Work in process	577	688
Component parts	14,915	14,880
Service parts	2,026	1,982
Inventories	$ 40,930	$ 35,078

Inventories - Narrative (Detail

Inventories - Narrative (Details) - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Inventory Disclosure [Abstract]
Inventory reserves	$ 10.2	$ 10.8

Identifiable Intangible Asset_3

Identifiable Intangible Assets and Goodwill - Narrative (Details) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2022USD ($)reporting_unit	Mar. 31, 2021USD ($)	Dec. 31, 2021USD ($)
Finite-Lived Intangible Assets [Line Items]
Research and development	$ 10,841	$ 5,809
Capitalized software development costs	$ 1,500	4,800
Number of operating segments | reporting_unit	2
Number of reportable segments | reporting_unit	2
Acquired developed technology
Finite-Lived Intangible Assets [Line Items]
Amortization of capitalized software development costs	$ 3,700	900
Internally Developed Software Costs Not Meeting General Release Threshold
Finite-Lived Intangible Assets [Line Items]
Research and development	3,500		$ 3,400
Internally developed software costs
Finite-Lived Intangible Assets [Line Items]
Amortization of capitalized software development costs	$ 1,600	$ 1,200
Minimum
Finite-Lived Intangible Assets [Line Items]
Useful life	3 years
Minimum | Acquired developed technology
Finite-Lived Intangible Assets [Line Items]
Useful life	3 years
Maximum
Finite-Lived Intangible Assets [Line Items]
Useful life	7 years
Maximum | Acquired developed technology
Finite-Lived Intangible Assets [Line Items]
Useful life	7 years

Identifiable Intangible Asset_4

Identifiable Intangible Assets and Goodwill - Components of Identifiable Intangible Assets (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Finite-Lived Intangible Assets, Net [Abstract]
Finite-lived intangible assets, gross	$ 150,155	$ 148,635
Less accumulated amortization	(45,244)	(39,479)
Total	104,911	109,156
Indefinite-lived Intangible Assets [Line Items]
Intangible assets – net	114,579	118,763
Acquired developed technology
Finite-Lived Intangible Assets, Net [Abstract]
Finite-lived intangible assets, gross	$ 109,100	109,100
Weighted-Average Amortization Period	5 years
Internally developed software costs
Finite-Lived Intangible Assets, Net [Abstract]
Finite-lived intangible assets, gross	$ 27,255	25,735
Useful life	3 years
Weighted-Average Amortization Period	2 years 11 months 1 day
Customer relationships
Finite-Lived Intangible Assets, Net [Abstract]
Finite-lived intangible assets, gross	$ 12,360	12,360
Useful life	7 years
Weighted-Average Amortization Period	5 years
Trade names
Finite-Lived Intangible Assets, Net [Abstract]
Finite-lived intangible assets, gross	$ 1,410	1,410
Weighted-Average Amortization Period	3 years
Non-competition agreements
Finite-Lived Intangible Assets, Net [Abstract]
Finite-lived intangible assets, gross	$ 30	30
Useful life	1 year
Weighted-Average Amortization Period	1 year
Minimum
Finite-Lived Intangible Assets, Net [Abstract]
Useful life	3 years
Minimum | Acquired developed technology
Finite-Lived Intangible Assets, Net [Abstract]
Useful life	3 years
Minimum | Trade names
Finite-Lived Intangible Assets, Net [Abstract]
Useful life	2 years
Maximum
Finite-Lived Intangible Assets, Net [Abstract]
Useful life	7 years
Maximum | Acquired developed technology
Finite-Lived Intangible Assets, Net [Abstract]
Useful life	7 years
Maximum | Trade names
Finite-Lived Intangible Assets, Net [Abstract]
Useful life	5 years
Internally developed software costs not meeting general release threshold
Indefinite-lived Intangible Assets [Line Items]
Indefinite-lived intangible assets, gross	$ 3,468	3,407
Trademarks, trade names (non-amortizable)
Indefinite-lived Intangible Assets [Line Items]
Indefinite-lived intangible assets, gross	$ 6,200	$ 6,200

Identifiable Intangible Asset_5

Identifiable Intangible Assets and Goodwill - Expected Future Amortization (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]
2022, remaining	$ 16,922
2023	20,667
2024	17,947
2025	16,534
2026	16,091
Thereafter	16,750
Total	$ 104,911	$ 109,156

Identifiable Intangible Asset_6

Identifiable Intangible Assets and Goodwill - Schedule of Goodwill (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2022USD ($)
Goodwill [Roll Forward]
Beginning balance - December 31, 2021	$ 457,306
Q1 2022 Acquisition	1,212
ASC 805 measurement period adjustment	(1,085)
Ending balance - March 31, 2022	$ 457,433

Debt - Summary of Information a

Debt - Summary of Information about the Equity and Liability Components of Notes (Details) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021	Sep. 17, 2021	Apr. 08, 2021	Feb. 10, 2020	Apr. 15, 2019
Debt Instrument [Line Items]
Total long-term portion of notes payable	$ 387,681,000		$ 305,845,000
Contractual interest expense	(2,003,000)	$ (1,017,000)
Amortization of debt issuance costs	(486,000)	(142,000)
Amortization of discount	0	(1,032,000)
Total interest expense	(2,489,000)	$ (2,191,000)
Convertible Notes
Debt Instrument [Line Items]
Principal amount of notes outstanding			398,750,000				$ 80,000,000
Unamortized debt issuance cost			(8,758,000)
Unamortized discount			(84,147,000)
Total long-term portion of notes payable			305,845,000
Convertible Notes | Convertible Senior Notes due 2024
Debt Instrument [Line Items]
Principal amount of notes outstanding	13,750,000		13,750,000
Unamortized debt issuance cost	(391,000)
Unamortized debt issuance cost			(334,000)
Unamortized discount			(1,570,000)
Total long-term portion of notes payable	13,359,000		11,846,000
Convertible Notes | Convertible Senior Notes due 2026
Debt Instrument [Line Items]
Principal amount of notes outstanding	120,000,000		120,000,000			$ 120,000,000
Unamortized debt issuance cost	(3,003,000)
Unamortized debt issuance cost			(2,440,000)
Unamortized discount			(19,413,000)
Total long-term portion of notes payable	116,997,000		98,147,000
Convertible Notes | Convertible Senior Notes due 2027
Debt Instrument [Line Items]
Principal amount of notes outstanding	265,000,000		265,000,000	$ 265,000,000
Unamortized debt issuance cost	(7,675,000)
Unamortized debt issuance cost			(5,984,000)
Unamortized discount			(63,164,000)
Total long-term portion of notes payable	257,325,000		$ 195,852,000
Credit Facility | Owl Rock Credit Agreement
Debt Instrument [Line Items]
Principal amount of notes outstanding	398,750,000				$ 180,000,000
Unamortized debt issuance cost	(11,069,000)
Total long-term portion of notes payable	$ 387,681,000

Debt - Narrative (Details)

Debt - Narrative (Details)	Sep. 17, 2021USD ($)	Apr. 08, 2021USD ($)	Feb. 10, 2020USD ($)$ / sharesshares	Apr. 15, 2019USD ($)	Dec. 31, 2019USD ($)	Mar. 31, 2021USD ($)	Mar. 31, 2022USD ($)	Dec. 31, 2021USD ($)	Dec. 31, 2020
Debt Instrument [Line Items]
Treasury stock reissued (in shares) | shares			722,423
Shares issued price per share (in dollars per share) | $ / shares			$ 32.43
Treasury stock acquired average cost per share (in dollars per share) | $ / shares			$ 3.37
Liability, debt							$ 399,283,000
Punchh Inc.
Debt Instrument [Line Items]
Business acquisition, cash paid		$ 397,500,000
Convertible Senior Notes due 2024
Debt Instrument [Line Items]
Implied estimated effective rate				10.20%
Subordinated Promissory Note
Debt Instrument [Line Items]
Liability, debt							500,000
Subordinated Promissory Note | Restaurant Magic
Debt Instrument [Line Items]
Stated interest rate									5.75%
Warranty liability assumed					$ 2,000,000
Monthly principal and interest payments					$ 60,600
Convertible Notes
Debt Instrument [Line Items]
Debt issued				$ 80,000,000				$ 398,750,000
Convertible Notes | Convertible Senior Notes due 2024
Debt Instrument [Line Items]
Debt issued							13,750,000	13,750,000
Stated interest rate				4.50%
Debt instrument, repurchased face amount			$ 66,300,000
Debt settlement amount			59,000,000
Settlement of equity component			30,800,000
Debt instrument pay off accrued interest			1,000,000
Loss on debt extinguishment			8,100,000
Conversion ratio				0.0350217
Liability, debt				$ 62,400,000
Equity component of notes				17,600,000
Issuance costs				4,900,000
Issuance costs, debt component				3,800,000
Issuance cost, equity component				$ 1,100,000
Convertible Notes | Convertible Senior Notes due 2026
Debt Instrument [Line Items]
Debt issued			$ 120,000,000				120,000,000	120,000,000
Stated interest rate			2.875%
Implied estimated effective rate	6.50%		7.30%
Conversion ratio			0.0232722
Liability, debt			$ 93,800,000
Equity component of notes			26,200,000
Issuance costs			4,200,000
Issuance costs, debt component			3,300,000
Issuance cost, equity component			$ 900,000
Convertible Notes | Convertible Senior Notes due 2027
Debt Instrument [Line Items]
Debt issued	$ 265,000,000						265,000,000	$ 265,000,000
Stated interest rate	1.50%
Liability, debt	$ 199,200,000
Equity component of notes	65,800,000
Issuance costs	8,300,000
Issuance costs, debt component	6,200,000
Issuance cost, equity component	2,100,000
Income tax benefit, equity transaction						$ 15,600,000
Income tax effects allocated to equity, release of valuation allowance						$ 14,900,000
Credit Facility | Owl Rock Credit Agreement
Debt Instrument [Line Items]
Debt issued		180,000,000					$ 398,750,000
Debt instrument pay off accrued interest	1,800,000
Loss on debt extinguishment	11,900,000
Issuance costs		$ 9,300,000
Issuance discount rate		2.00%
Proceeds from issuance of debt		$ 170,700,000
Payments for the extinguishment of notes payable	$ 3,600,000

Debt - Schedule of Maturities o

Debt - Schedule of Maturities of Notes (Details) $ in Thousands	Mar. 31, 2022USD ($)
Debt Disclosure [Abstract]
2022, remaining	$ 533
2023	0
2024	13,750
2025	0
2026	120,000
Thereafter	265,000
Total	$ 399,283

Common Stock - Narrative (Detai

Common Stock - Narrative (Details) - USD ($) $ / shares in Units, $ in Millions	Sep. 17, 2021	Apr. 08, 2021
Punchh Inc.
Subsequent Event [Line Items]
Equity interest issued (in shares)		1,493,130
Public Offering
Subsequent Event [Line Items]
Number of shares issued in transaction (in shares)	982,143
Sale of stock (in dollars per share)	$ 56
Sale of stock, consideration received on transaction	$ 52.5
Private Placement
Subsequent Event [Line Items]
Number of shares issued in transaction (in shares)		2,352,942
Sale of stock, consideration received on transaction		$ 160
Payments for common stock issuance costs		$ 4.3
Private Placement | PAR Act III, LLC
Subsequent Event [Line Items]
Number of shares issued in transaction (in shares)		73,530
Sale of stock (in dollars per share)		$ 68
Consideration received per transaction		$ 5
Private Placement | T. Rowe Price Associates, Inc.
Subsequent Event [Line Items]
Number of shares issued in transaction (in shares)		2,279,412
Sale of stock (in dollars per share)		$ 68
Consideration received per transaction		$ 155

Stock-Based Compensation - Narr

Stock-Based Compensation - Narrative (Details)	3 Months Ended
	Mar. 31, 2022USD ($)
Share-based Payment Arrangement [Abstract]
Expected to be recognized as compensation expense	$ 600,000
Unrecognized compensation expense	$ 29,600,000

Stock-Based Compensation - Stoc

Stock-Based Compensation - Stock-based Compensation Expense (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Obligation with Joint and Several Liability Arrangement [Line Items]
Stock-based compensation	$ 3,536	$ 1,320
Cost of sales - contracts
Obligation with Joint and Several Liability Arrangement [Line Items]
Stock-based compensation	49	67
Selling, general and administrative
Obligation with Joint and Several Liability Arrangement [Line Items]
Stock-based compensation	$ 3,487	$ 1,253

Stock-Based Compensation - St_2

Stock-Based Compensation - Stock-based Compensation Activity (Details) shares in Thousands	3 Months Ended
	Mar. 31, 2022$ / sharesshares
Options outstanding
Beginning balance (in shares) | shares	1,306
Exercised (in shares) | shares	(96)
Canceled/forfeited (in shares) | shares	(68)
Ending balance (in shares) | shares	1,142
Weighted average exercise price
Beginning balance (in dollars per share) | $ / shares	$ 11.95
Exercised (in dollars per share) | $ / shares	7.43
Canceled/forfeited (in dollars per share) | $ / shares	8.97
Ending balance (in dollars per share) | $ / shares	$ 12.52
Restricted Stock Unit Awards
Restricted Stock and RSU Awards Outstanding
Beginning balance (in shares) | shares	418
Granted (in shares) | shares	309
Vested (in shares) | shares	(71)
Forfeited and cancelled (in shares) | shares	(49)
Beginning balance (in shares) | shares	607
Weighted average award value
Beginning balance (in dollars per share) | $ / shares	$ 34.08
Granted (in dollars per share) | $ / shares	38.34
Vested (in dollars per share) | $ / shares	26.36
Forfeited and canceled (in dollars per share) | $ / shares	46.39
Ending balance (in dollars per share) | $ / shares	$ 36.02
Restricted Stock Awards
Restricted Stock and RSU Awards Outstanding
Beginning balance (in shares) | shares	27
Vested (in shares) | shares	(27)
Beginning balance (in shares) | shares	0
Weighted average award value
Beginning balance (in dollars per share) | $ / shares	$ 25.42
Vested (in dollars per share) | $ / shares	25.42
Ending balance (in dollars per share) | $ / shares

Net Loss Per Share (Details)

Net Loss Per Share (Details) - $ / shares	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Apr. 08, 2021
Punchh Inc.
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Warrant, exercise price (in dollars per share)			$ 76.50
Warrant, exercise period (in years)			5 years
Punchh Inc. | Director
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Warrants to purchase (in shares)			500,000
Stock options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive stock options outstanding (in shares)	1,142,000	894,000
Restricted Stock Unit Awards
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive stock options outstanding (in shares)	607,000	414,000
Convertible Debt Securities | Convertible Notes | Convertible Senior Notes due 2024
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive stock options outstanding (in shares)	638,051
Initial conversion price (in dollars per share)	$ 46.4037
Convertible Debt Securities | Convertible Notes | Convertible Senior Notes due 2026
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive stock options outstanding (in shares)	3,700,272
Initial conversion price (in dollars per share)	$ 30.8356
Convertible Debt Securities | Convertible Notes | Convertible Senior Notes due 2027
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive stock options outstanding (in shares)	4,732,132
Initial conversion price (in dollars per share)	$ 17.8571

Segment and Related Informati_3

Segment and Related Information - Summary of Segment Information (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2022USD ($)reporting_unit	Mar. 31, 2021USD ($)
Segment and Related Information [Abstract]
Number of operating segments | reporting_unit	2
Number of reportable segments | reporting_unit	2
Information as to the Company's segments [Abstract]
Revenue	$ 80,285	$ 54,467
Operating loss	(12,809)	(6,021)
Other expense, net	(368)	(51)
Interest expense, net	(2,463)	(2,160)
Net loss	(15,640)	(8,232)
Depreciation and amortization	6,886	3,990
Capital expenditures including software costs	1,848	1,669
United States
Information as to the Company's segments [Abstract]
Revenue	75,593	50,603
International
Information as to the Company's segments [Abstract]
Revenue	4,692	3,864
Other
Information as to the Company's segments [Abstract]
Operating loss	(9,175)	2,074
Depreciation and amortization	867	1,525
Capital expenditures including software costs	257	0
Restaurant/Retail
Information as to the Company's segments [Abstract]
Revenue	58,846	36,584
Restaurant/Retail | Operating segments
Information as to the Company's segments [Abstract]
Operating loss	(5,181)	(9,285)
Depreciation and amortization	5,910	2,429
Capital expenditures including software costs	1,547	1,517
Government
Information as to the Company's segments [Abstract]
Revenue	21,439	17,883
Government | Operating segments
Information as to the Company's segments [Abstract]
Operating loss	1,547	1,190
Depreciation and amortization	109	36
Capital expenditures including software costs	$ 44	$ 152

Segment and Related Informati_4

Segment and Related Information - Reconciliation of Segment Assets (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Identifiable assets by geographic area [Abstract]
Assets	$ 871,696	$ 888,149
Long-Lived Assets	871,696	888,149
Goodwill by business segment [Abstract]
Goodwill	457,433	457,306
United States
Identifiable assets by geographic area [Abstract]
Long-Lived Assets	858,071	871,184
Other Countries
Identifiable assets by geographic area [Abstract]
Long-Lived Assets	13,625	16,965
Restaurant/Retail
Goodwill by business segment [Abstract]
Goodwill	456,697	456,570
Government
Goodwill by business segment [Abstract]
Goodwill	736	736
Operating segments | Restaurant/Retail
Identifiable assets by geographic area [Abstract]
Assets	681,911	674,032
Operating segments | Government
Identifiable assets by geographic area [Abstract]
Assets	21,080	14,831
Other
Identifiable assets by geographic area [Abstract]
Assets	$ 168,705	$ 199,286

Segment and Related Informati_5

Segment and Related Information - Revenue by Major Customers (Details) - Customer Concentration Risk - Revenue Benchmark	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Revenue, Major Customer [Line Items]
Concentration risk, percentage	100.00%	100.00%
Restaurant/Retail | Yum! Brands, Inc.
Revenue, Major Customer [Line Items]
Concentration risk, percentage	10.00%	12.00%
Restaurant/Retail | McDonald’s Corporation
Revenue, Major Customer [Line Items]
Concentration risk, percentage	10.00%	7.00%
Government | U.S. Department of Defense
Revenue, Major Customer [Line Items]
Concentration risk, percentage	27.00%	33.00%
Government | All Others
Revenue, Major Customer [Line Items]
Concentration risk, percentage	53.00%	48.00%

Fair Value of Financial Instr_2

Fair Value of Financial Instruments - Narrative (Details) - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Amounts owed to employees participating in the deferred compensation plan	$ 2.1	$ 2.4
Fair Value, Inputs, Level 2 | Convertible Notes | Convertible Senior Notes due 2024
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair value of debt	22.5
Fair Value, Inputs, Level 2 | Convertible Notes | Convertible Senior Notes due 2026
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair value of debt	144.6
Fair Value, Inputs, Level 2 | Convertible Notes | Convertible Senior Notes due 2027
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair value of debt	$ 230.6